Pfizer has made no secret of its intent to slash thousands of jobs once a planned merger with pharmaceutical competitor Wyeth goes through, but it may be too early to tell how Wyeth's 300-person worldwide legal department will be affected. What does seem clear is the effect on Wyeth's outside counsel. In 2006, Pfizer dramatically pared down its outside firms by 80 percent under its P-3 program, with further reductions in 2008. Wyeth, on the other hand, still employs hundreds of outside law firms -- for now.
What's to Become of Wyeth Counsel in Pfizer Merger?
The Legal Intelligencer
January 28, 2009